Despite improvements in card security technologies, there are still gaps End of support for WinXP will pose increasing security risks on POS systems
Despite the growing interest in Payment Card Industry (PCI) compliance and the rise of security concerns, many challenges still need to be addressed in the payment security space, most notably within the SME segment, says Bob Russo, general manager of the PCI Security Standards Council.
Fico has announced the availability of a ‘proximity correlation’ service for credit and debit card issuers that it claimed would improve the safety of payment card transactions.
The growth in the use of electronic payment products, such as credit and debit cards, added US$4.2 billion (RM13.17 billion) to the Gross Domestic Product (GDP) of Malaysia, according to a study conducted for Visa by Moody’s Analytics, an independent provider of economic forecasting.
The financial services, telecommunications and utilities industries are facing new challenges and threats in their customer relationship management (CRM) models, as their customer bases become more informed and demand better levels of service, says an industry player.